Today: September 20, 2024
Today: September 20, 2024

Finance

Business|Finance|Technology

AI server maker Super Micro denies short-seller Hindenburg's claims

Super Micro Computer on Tuesday denied claims made by short-seller Hindenburg Research in its report last week and said it contained "false or inaccurate statements" about the AI server

AI server maker Super Micro denies short-seller Hindenburg's claims
Business|Crime|Finance|News|World

Who is Lebanon's Riad Salameh, the former central bank chief under arrest?

Riad Salameh, Lebanon's former central bank governor arrested on Tuesday on fraud charges, was feted as a financial wizard before his image was shredded by corruption cases at home

Who is Lebanon's Riad Salameh, the former central bank chief under arrest?
Business|Finance|Technology

US lenders not on insolvency panel of India's Byju's, sources say

U.S.-based Glas Trust is not part of a key panel overseeing the insolvency proceedings of Indian education-technology giant Byju's, and will need to substantiate

US lenders not on insolvency panel of India's Byju's, sources say
Business|Finance

Constellation Brands to record up to $2.5 billion in charges linked to wine business

Constellation Brands will write down the value of its wine and spirits business and take up to a $2.5 billion charge in the current quarter, the Corona beer maker said on Tuesday,

Constellation Brands to record up to $2.5 billion in charges linked to wine business
Business|Economy|Finance

Goldman temporarily suspends zinc coverage

Goldman Sachs has suspended covering zinc markets "for the moment", citing "restricted capacity" following the departure of the sector lead earlier this year.

Goldman temporarily suspends zinc coverage
Business|Finance|Stock Markets|Technology

Corporate America has a revenue problem: McGeever

Nvidia's share price slump after its strong, but not exceptionally strong, second-quarter results raises a broader question for U.S. stocks: Are 2025

Corporate America has a revenue problem: McGeever
Business|Economy|Finance

Want job security in this uncertain market? A surprising trend is paying off

Want job security in this uncertain market? A surprising trend is paying off

Want job security in this uncertain market? A surprising trend is paying off
Business|Crime|Economy|Finance|World

Lebanon's former central bank governor detained in corruption probe

Officials say Lebanon’s controversial former central bank governor has been detained after being questioned in several corruption cases

Lebanon's former central bank governor detained in corruption probe
Business|Economy|Finance

British home price rises to outpace inflation, but affordability to improve: Reuters poll

British home prices will make solid gains in the next two years, outpacing overall inflation, but affordability for first-time buyers is likely to improve based on

British home price rises to outpace inflation, but affordability to improve: Reuters poll
Business|Economy|Finance

Brazil's HBR Realty files eviction action against WeWork

Brazilian real estate firm HBR Realty said on Tuesday it has filed an eviction action against WeWork due to lack of payment, although the flexible workspace provider denied

Brazil's HBR Realty files eviction action against WeWork
Americas|Economy|Finance

Brazil's Q2 economic surge fuels bets on imminent interest rate hike

Brazil's economy surprised to the upside in the second quarter, increasing bets on an imminent interest rate hike to curb inflationary pressures as the central

Brazil's Q2 economic surge fuels bets on imminent interest rate hike
Business|Finance

Moody's upgrades outlook on global reinsurers to positive from stable

Moody's Ratings upgraded its outlook on global reinsurers to positive from stable owing to reinsurers' higher prices and more restrictive policies, along with

Moody's upgrades outlook on global reinsurers to positive from stable
Business|Finance|Technology

EV firm Polestar taps former Stellantis finance executive as CFO

Electric vehicle maker Polestar said on Tuesday it has appointed former Stellantis finance executive Jean-Francois Mady as its CFO, days after replacing long-time CEO Thomas Ingenlath.

EV firm Polestar taps former Stellantis finance executive as CFO
Business|Economy|Finance|Stock Markets

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering

When Jerome Powell delivered a high-profile speech last month, the Federal Reserve chair came the closest he ever had to declaring that the inflation surge that gripped the nation for three painful years was now essentially defeated

The Fed welcomes a 'soft landing' even if many Americans don't feel like cheering
Economy|Finance|News|Stock Markets

Wall Street drops on September worries, upcoming data

U.S. stocks slumped on Tuesday, at the start of one of the market's historically worst months, ahead of data likely to influence how much the Federal Reserve will

Wall Street drops on September worries, upcoming data
Business|Finance|Stock Markets

Labor Day to labor report as Sept kicks off

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street gets September off to a late start with a holiday- shortened week that focusses squarely on the U.S. jobs market after

Labor Day to labor report as Sept kicks off
Business|Economy|Europe|Finance

European shares fall as US data rekindles growth worries

Europe stocks fell on Tuesday in their worst session in nearly a month, as U.S. manufacturing data brought concerns about a slowdown in global

European shares fall as US data rekindles growth worries
Finance|Travel

Travel industry to contribute record $11 trillion to global GDP in 2024

A record $1 out of every $10 spent globally in 2024 will be on travel as people briskly book hotels, cruises and flights, according to an annual report by the

Travel industry to contribute record $11 trillion to global GDP in 2024
Business|Finance

Bain makes estimated $4.1 billion offer for Fuji Soft, topping KKR bid

U.S. buyout fund Bain Capital said on Tuesday it made a counter-offer to buy Japanese software developer Fuji Soft, estimated at about 600 billion yen ($4.1 billion) that would exceed

Bain makes estimated $4.1 billion offer for Fuji Soft, topping KKR bid
Business|Finance

Conflict, creditors and a car crash: How Ukraine clinched a wartime debt restructuring

Just a few months after Russia invaded Ukraine, the country's financial adviser, Rothschild & Co, handed Kyiv's debt chief a thick black folder

Conflict, creditors and a car crash: How Ukraine clinched a wartime debt restructuring
Business|Finance|Technology

Tesla's China sales have best month of the year in August

Tesla's sales in China logged their best month for the year so far in August, with the U.S. electric vehicle maker benefiting from brisk sales in smaller cities.

Tesla's China sales have best month of the year in August
Business|Finance

Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time

Last October, Matthew Hougan told an industry panel that he expected spot bitcoin exchange-traded funds (ETFs) to attract $55 billion of assets in their first five years.

Cryptoverse: Bitcoin ETFs take $50 billion baby steps toward big time
Business|Economy|Finance|Technology

Thailand's $13 billion digital handout scheme to include cash payments, PM says

Thailand's Prime Minister Paetongtarn Shinawatra on Tuesday said part of the government's vaunted 450 billion baht ($13.1 billion) "digital wallet" handout

Thailand's $13 billion digital handout scheme to include cash payments, PM says
Business|Economy|Finance

ISM kicks off the dollar's big week

A look at the day ahead in European and global markets from Tom Westbrook Today's U.S. ISM manufacturing survey is the first major indicator out in a big week for U.S. data and, likely, the dollar.

ISM kicks off the dollar's big week
Asia|Business|Economy|Finance

Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600

U.S. stocks tumbled to their worst day since an early August sell-off after another report raised worries about the economy's health

Stock market today: Wall Street tumbles on worries about the economy, and Dow drops more than 600

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